Ken Oenbrink - NTX Property Watch Report

Plano, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Plano, TX

Sun Apr 05 2020
This week the median list price for Plano, TX is $460,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 455. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Plano, TX

Sun Apr 05 2020
This week the median list price for Plano, TX is $460,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 455. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Plano market.
Median List Price $460,000
Per Square Foot $154
Days on Market 105
Price Decreased 34%
Price Increased 4%
Relisted 8%
Inventory 455
Median Rent $2,100
Most Expensive $4,850,000
Least Expensive $175,000
Market Action 49
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$925,000 4,810 0.25 - 0.5 acre 5 4 22 16 13 181
$527,000 3,600 8,000 - 10,000 sqft 4 3 21 8 13 99
$415,000 2,961 8,000 - 10,000 sqft 4 3 24 18 18 79
$319,400 2,034 8,000 - 10,000 sqft 3 2 40 25 24 59